Looking to diversify beyond INPAX? The mutual funds below have the lowest correlation with INPAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from INPAX.
Best Diversifiers for INPAX
3 mutual funds have low correlation with INPAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.04 | 0.12 | 0.25 | 65 | Diversified Portfolio | INPAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.16 | 0.46 | 66 | Diversified Portfolio | INPAX vs MHELX | |
| American Funds Short-Term Tax Exempt Bond Fund | 0.28 | 0.28 | 0.22 | 80 | Municipal Bonds | INPAX vs ASTEX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.49 | 0.44 | 0.49 | 99 | Diversified Portfolio | INPAX vs STDAX | |
| Concorde Wealth Management Fund | 0.50 | 0.65 | 0.74 | 74 | Diversified Portfolio | INPAX vs CONWX |
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